NOT LISTED FOR SALE

1053 1055 Covert Ave Evansville, IN 47714

Estimated Value: $67,000 - $115,788

4 Beds
2 Baths
1,904 Sq Ft
$51/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $100,000 $53 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $601/month

15 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Level Lot
  • Covered Patio or Porch
  • Ceiling Fan
  • 5-minute walk to Akin Park

About This Home

As of July 2024

Duplex investment opportunity! 2 Units, each with 2 bedroom / 1 full bathroom, located on the East Side with access to Hwy 41. Each unit has a large driveway for off-street parking. Both units currently rented. Utilities separately metered and tenant-paid. Note: Can be purchased individually or as a package with the 1045/1047 Covert Avenue listing.

Last Agent to Sell the Property

Penny Crick

ERA FIRST ADVANTAGE REALTY, INC Brokerage Phone: 812-473-4663 Listed on: 06/04/2024

ERA FIRST ADVANTAGE REALTY, INC

Last Buyer's Agent

Penny Crick

ERA FIRST ADVANTAGE REALTY, INC Brokerage Phone: 812-473-4663 Listed on: 06/04/2024

ERA FIRST ADVANTAGE REALTY, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $984

Year Built

  • Built in 1940

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 71' x 80'
  • Level Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 1,904 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space
  • Washer Hookup

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Glenwood Elementary And Middle School
  • Bosse High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, sewer, trash collection, water
  • The owner pays for maintenance
  • Assessor Parcel Number 82-06-33-011-033.002-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$984

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1940
  • Age: 84
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: PT NW SW 33-6-10 AKA BERLIN HTS 2
  • Parcel Number ID: 82-06-33-011-033.002-027
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Porch Covered, Washer Hook-Up
  • Sp Lp Percent: 87.03
  • Monthly Gross Income: 1550
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 1904
  • Total Finished Sq Ft: 1904
  • Above Grade Finished Sq Ft: 1904
  • Price Per Sq Ft: 52.52
  • Basement Foundation: Crawl
  • Flooring: Laminate, Wood
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Number Of W D Hookups: 2

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Glenwood
  • Middle School: Glenwood
  • High School: Bosse
  • Elementary School: Glenwood

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 71' x 80'
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance
  • Tenant Pays: Electric, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1550
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 983.82

MLS Schools

  • High School: Bosse
  • Middle School: Glenwood
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Jul 26, 2024
Sold by
Covert Villas Llc
Bought by
Tamang Investment Llc
Seller's Agent
Penny Crick
ERA FIRST ADVANTAGE REALTY, INC
Buyer's Agent
Penny Crick
ERA FIRST ADVANTAGE REALTY, INC
List Price
$114,900
Sold Price
$100,000
Premium/Discount to List
-$14,900
-12.97%
Views
9
Current Estimated Value
$97,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,553
Avg. Annual Appreciation
-2.19%
Original Mortgage
$150,000
Outstanding Balance
$121,298
Interest Rate
6.17%
Mortgage Type
New Conventional
Estimated Equity
-$23,851

Purchase Details

Closed on
Feb 7, 2022
Sold by
Akin Adam Karl
Bought by
Covert Villas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2022
Sold by
3Mce Llc
Bought by
Akin Adam Karl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2020
Sold by
Koch Thomas C
Bought by
3Mce Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tamang Investment Llc -- None Listed On Document
Covert Villas Llc -- Fuchs Donald J
Akin Adam Karl $90,000 Fuchs Donald J
3Mce Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tamang Investment Llc $150,000
Previous Owner Akin Adam Karl $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $100,000 -13.0% $53 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $114,900 -- $60 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,008 $46,700 $9,000 $37,700
2023 $984 $45,300 $9,000 $36,300
2022 $994 $45,500 $9,000 $36,500
2021 $702 $31,600 $9,000 $22,600
2020 $686 $31,600 $9,000 $22,600
2019 $682 $31,600 $9,000 $22,600
2018 $685 $31,600 $9,000 $22,600
2017 $687 $31,500 $9,000 $22,500
2016 $690 $31,600 $9,000 $22,600
2014 $682 $31,200 $9,000 $22,200
2013 -- $31,400 $9,000 $22,400
Source: Public Records

Agents Affiliated with this Home

  • Penny Crick

    Seller's Agent in 2024

    Penny Crick

    ERA FIRST ADVANTAGE REALTY, INC

    (812) 483-2219

    701 Total Sales

    Penny Crick
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Map

Source: Indiana Regional MLS

MLS Number: 202420192

Indiana Regional MLS

APN: 82-06-33-011-033.002-027

Indiana Vanderburgh County Evansville 47714

1053 1055 Covert Ave, Evansville, IN

This home is located at 1053 1055 Covert Ave, Evansville, IN 47714 since 04 June 2024 and is currently estimated at $97,447, approximately $51 per square foot. This property was built in 1940. 1053 1055 Covert Ave is a home located in Vanderburgh County with nearby schools including Benjamin Bosse High School, Glenwood Leadership Academy, and Annunciation Catholic School - Holy Spirit Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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